Bad Penny
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« on: September 12, 2010, 04:24:44 am » |
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Geolib:
I agree absolutely that corporate personhood must be abolished. However, interests in realty can be hidden (I mean, do you think that a bankrupt signing his house and/or business property over to his wife or his senile grandma is the least bit unusual?), and land taxation fails to distinguish between highly profitable corporations and less profitable ones. A corporate income tax (and I favor calling it a "Business Profits Excise" to prevent anyone ever using the term "income" (which properly refers to bond interest, taxable dividends from stock holdings, and other unearned "Trust Find Baby"-type income) to refer to wages, child support, alimony up to 150% of Federal poverty level for the household so supported, pensions paid for with after-tax income, etc.) would recognize and tax this difference.
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Are you taking over? Or are you taking orders? I ain't going backwards! We're going only forwards!
The Clash, White Riot
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